12.30 Ethereum Market Reminder
There should be significant volatility tonight. We choose to stand on the opposite side of human nature. Due to the fact that USDT will be officially restricted by the EU today, and a large number of retail investors are shorting, we will still look bullish first before bearish. Although the overall trend is definitely bearish, for now, we need to look bullish before looking bearish.
We will patiently monitor tonight's volatility, hoping for a greater movement. As long as it does not fall below 3350, there is a high probability of a strong bullish candle. Tonight's support level will be quite interesting.
According to what we know, a studio is also holding positions in the range of 3360-3380. So if the 3350 support level is ineffective, then we will temporarily abandon and observe from the sidelines.
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